AI Transparency Report
The University Of Mount Olive Foundation appears to be a supporting organization for the University of Mount Olive, as indicated by its NTEE code (B11 - College or University Related Foundations). Its financial health shows a consistent pattern of expenses exceeding revenue in most recent years, leading to a gradual decline in assets from $12.95 million in 2014 to $8.79 million in 2023. While the organization maintains substantial assets, the persistent operating deficit is a concern. For instance, in 2023, expenses were $895,216 against revenues of $948,904, showing a slight surplus, but this follows years of deficits like in 2022 ($908,843 expenses vs. $958,940 revenue) and a significant deficit in 2021 ($923,960 expenses vs. $193 revenue). The organization's liabilities have also remained consistently high, exceeding its assets in recent years, which warrants closer examination. The absence of reported officer compensation suggests that executive salaries are either covered by the parent university or are minimal, which can be a positive indicator of efficiency.